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Massachusetts Powerball Jackpot Annuity Payout Schedule for Sep 21, 2024

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $196,800,000 for a ticket purchased in Massachusetts, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Massachusetts

Drawing Date:Sat, Sep 21, 2024
Jackpot:$196,800,000
Federal Tax:37% marginal rate
State Tax: 9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,962,122$1,054,173$266,591$1,641,358
2$3,110,229$1,108,972$279,921$1,721,336
3$3,265,740$1,166,512$293,917$1,805,312
4$3,429,027$1,226,928$308,612$1,893,487
5$3,600,478$1,290,365$324,043$1,986,070
6$3,780,502$1,356,974$340,245$2,083,283
7$3,969,527$1,426,913$357,257$2,185,357
8$4,168,004$1,500,349$375,120$2,292,534
9$4,376,404$1,577,457$393,876$2,405,070
10$4,595,224$1,658,421$413,570$2,523,233
11$4,824,985$1,743,432$434,249$2,647,304
12$5,066,235$1,832,695$455,961$2,777,579
13$5,319,546$1,926,420$478,759$2,914,367
14$5,585,524$2,024,832$502,697$3,057,995
15$5,864,800$2,128,164$527,832$3,208,804
16$6,158,040$2,236,663$554,224$3,367,154
17$6,465,942$2,350,586$581,935$3,533,421
18$6,789,239$2,470,206$611,031$3,708,001
19$7,128,701$2,595,807$641,583$3,891,311
20$7,485,136$2,727,688$673,662$4,083,786
21$7,859,393$2,866,163$707,345$4,285,884
22$8,252,362$3,011,562$742,713$4,498,088
23$8,664,980$3,164,231$779,848$4,720,902
24$9,098,229$3,324,533$818,841$4,954,856
25$9,553,141$3,492,850$859,783$5,200,508
26$10,030,798$3,669,583$902,772$5,458,443
27$10,532,338$3,855,153$947,910$5,729,275
28$11,058,955$4,050,001$995,306$6,013,648
29$11,611,902$4,254,592$1,045,071$6,312,240
30$12,192,498$4,469,412$1,097,325$6,625,761
Total$196,800,000$71,561,637$17,711,999$107,526,367

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.